84 billion dirhams, local stock gains in a week

Last week, local stocks recorded the best weekly performance since the beginning of this year, with market gains exceeding 84 billion dirhams, including 71.8 billion dirhams for the Abu Dhabi Stock Exchange and 12.3 billion dirhams.

The Dubai Financial Market index closed up by 4.2% at its highest level in more than four years at 3,449.40 points, recording its strongest weekly performance in more than two months, while the Abu Dhabi Stock Exchange index jumped by 6.1% to close at 9,683 points, recording its largest weekly gain since January 2021.

The local stock markets declined at the conclusion of yesterday's session, with profit-taking operations controlling the behavior of dealers, after a series of gains for the past five sessions.

The Dubai Financial Market index declined, ending a series of gains that lasted for five days, and fell by 0.93% at the level of 3449 points. Emirates NBD declined by 2.9%, coinciding with the approaching date of exclusion from cash dividends for the year 2021.

Dubai Islamic also declined by 1.7%.

GFH fell by 1.62%, Deyaar Development fell by 1.26% and Union Properties fell by 1.46%.

In contrast, the Dubai Financial Market share rose by 0.41%, Emaar Properties increased by 1.73%, while Emaar Development rose by 0.69%, while

the value of trading in the Dubai Financial Market during today's trading amounted to 406.46 million dirhams, with a trading volume of 119.47 million shares, across 4.39 A deal.

Emaar shares topped the shares in terms of trading value, executing trades with a value of 202.37 million dirhams, followed by Dubai Islamic share by 84.47 million dirhams, while Emaar shares topped the shares in terms of trading volume with 38.71 million shares.

The Abu Dhabi Securities Exchange index


On the other hand, Virglobe shares rose by 6.59% to reach the highest close since the listing of 4.53 dirhams, while Alpha Abu Dhabi fell by 0.15%, and Multiplay rose by 1.9%, while ADNOC Drilling rose by 3%.

The First Abu Dhabi stock topped the list of the largest in terms of trading value, with a value of 383.9 million dirhams, followed by Aldar Properties with a value of 290.92 million dirhams, and then International Holdings with a value of 264.4 million dirhams.

Aldar Properties topped the shares in terms of trading volumes with 65.9 million shares.

At the conclusion of today's session, the market value of the market fell by about 74 billion dirhams, amounting to 1.8109 trillion dirhams, compared to 1.8183 trillion dirhams in the previous session.

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